From MARKETS 10:56am

Rajoy warns Spain faces market exile

Mariano Rajoy

Prime minister points to ‘serious risk’ of borrowing freeze

pepsi From COMPANIES 11:16pm

Activist investor makes move on PepsiCo

Relational to push on spin-off of US beverages

From COMPANIES 5:48am

GE to buy Australia’s Industrea for A$700m

US group builds up business serving resource industries

J.C. Penney logo From COMPANIES 10:13pm

JC Penney customers disdain overhaul

Retailer halts dividend after revenue drop

From COMPANIES 9:00pm

Bankers discuss curbing rating agencies

CFOs consider limiting flow of privileged information

John Boehner ©Getty From WORLD 4:53pm

Spectre of default rises again in Congress

Romney vows to end debt ‘crisis’

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